Mcdaniel Terry & Co. Decreases Holdings in W.W. Grainger, Inc. (GWW)

Mcdaniel Terry & Co. trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 71.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,656 shares of the industrial products company’s stock after selling 64,060 shares during the period. W.W. Grainger makes up about 0.9% of Mcdaniel Terry & Co.’s holdings, making the stock its 26th largest holding. Mcdaniel Terry & Co.’s holdings in W.W. Grainger were worth $4,632,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in W.W. Grainger by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,716 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 135 shares in the last quarter. Israel Discount Bank of New York lifted its stake in W.W. Grainger by 54.3% during the second quarter. Israel Discount Bank of New York now owns 1,720 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 605 shares in the last quarter. State Farm Mutual Automobile Insurance Co. lifted its stake in W.W. Grainger by 102.3% during the second quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock worth $7,505,000 after purchasing an additional 21,017 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its stake in W.W. Grainger by 26.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 17,121 shares of the industrial products company’s stock worth $3,091,000 after purchasing an additional 3,628 shares in the last quarter. Finally, HPM Partners LLC lifted its stake in W.W. Grainger by 148.7% during the second quarter. HPM Partners LLC now owns 7,462 shares of the industrial products company’s stock worth $6,781,000 after purchasing an additional 4,462 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

GWW has been the topic of a number of research reports. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Stifel Nicolaus restated a “hold” rating and set a $180.00 price target (down from $204.00) on shares of W.W. Grainger in a research note on Friday, June 2nd. BMO Capital Markets restated a “hold” rating and set a $198.00 price target on shares of W.W. Grainger in a research note on Thursday, May 25th. Credit Suisse Group upgraded W.W. Grainger to a “hold” rating and set a $175.00 price target on the stock in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $179.42.

Shares of W.W. Grainger, Inc. (NYSE GWW) traded up 0.85% during trading on Monday, hitting $166.37. The company’s stock had a trading volume of 171,256 shares. The company has a market cap of $9.60 billion, a PE ratio of 19.18 and a beta of 0.74. The firm’s 50 day moving average price is $164.25 and its 200-day moving average price is $192.10. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.89 EPS. On average, analysts predict that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 10th. W.W. Grainger’s dividend payout ratio is presently 59.12%.

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W.W. Grainger Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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